A Note on Computation of the Double-Hurdle Model with Dependence with an Application to Tobacco Expenditure

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This note shows how the likelihood of the full double-hurdle model with dependence can be reformulated to allow estimation with standard econometric software. An illustrative example is provided, using data on tobacco expenditure by households in the 1984 U.K. Family Expenditure Survey. Copyright 1992 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

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